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            <currencyInfo convRatio="12.16300000" curCd="USD"/>
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      <invstOrSec>
        <name>US FOODS INC</name>
        <lei>5493000JOOFAOUY1JZ87</lei>
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          <isin value="US90290MAC55"/>
          <other otherDesc="SEDOL" value="BL6FPX3"/>
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        <valUSD>187425.00000000</valUSD>
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      </invstOrSec>
      <invstOrSec>
        <name>ELANCO ANIMAL HEALTH INC</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>Elanco Animal Health Inc</title>
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          <isin value="US28414H2022"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CHEFS' WAREHOUSE THE</name>
        <lei>549300JYEDC8C547E980</lei>
        <title>Chefs' Warehouse Inc/The</title>
        <cusip>163086AA9</cusip>
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          <isin value="US163086AA92"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.87500000</annualizedRt>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Chefs' Warehouse Inc/The</name>
              <title>Chefs' Warehouse Inc/The</title>
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                <cusip value="163086101"/>
                <isin value="US1630861011"/>
                <ticker value="CHEF"/>
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          <currencyInfos>
            <currencyInfo convRatio="22.62490000" curCd="USD"/>
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          <delta>XXXX</delta>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEAM INC</name>
        <lei>549300DEKHQ3OEQJWU96</lei>
        <title>Team Inc</title>
        <cusip>878155AE0</cusip>
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          <isin value="US878155AE06"/>
          <other otherDesc="Sedol" value="BFZ2JD1"/>
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        <balance>145000.00000000</balance>
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            <dbtSecRefInstrument>
              <name>Team Inc</name>
              <title>Team Inc</title>
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      <invstOrSec>
        <name>Essential Properties Realty Tr</name>
        <lei>N/A</lei>
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          <isin value="US29670E1073"/>
          <ticker value="EPRT"/>
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        <valUSD>223150.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>LIGAND PHARMACEUTICALS I</name>
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        <title>Ligand Pharmaceuticals Inc</title>
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        <balance>87000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75846.61000000</valUSD>
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        <invCountry>US</invCountry>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
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              <title>Ligand Pharmaceuticals Inc</title>
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                <isin value="US53220K5048"/>
                <ticker value="LGND"/>
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          <currencyInfos>
            <currencyInfo convRatio="4.02440000" curCd="USD"/>
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          <delta>XXXX</delta>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Conagra Brands Inc</name>
        <lei>54930035UDEIH090K650</lei>
        <title>Conagra Brands Inc</title>
        <cusip>205887102</cusip>
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          <ticker value="CAG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VISTRA OPERATIONS CO LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co LLC</title>
        <cusip>92840VAB8</cusip>
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          <isin value="US92840VAB80"/>
          <other otherDesc="SEDOL" value="BHQTTK2"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90527.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>KNOWLES CORP</name>
        <lei>5493003EO323TDZQU148</lei>
        <title>Knowles Corp</title>
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        <curCd>USD</curCd>
        <valUSD>110297.95000000</valUSD>
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                <ticker value="KN"/>
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      <invstOrSec>
        <name>HUDBAY MINERALS INC</name>
        <lei>549300WI524AL577IX21</lei>
        <title>Hudbay Minerals Inc</title>
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        <name>TRANSDIGM INC</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TransDigm Inc</title>
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      <invstOrSec>
        <name>PRECISION DRILLING CORP</name>
        <lei>549300WF2OE8T5BP4B84</lei>
        <title>Precision Drilling Corp</title>
        <cusip>740212AL9</cusip>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MGM Growth Properties LLC</name>
        <lei>549300E2UGIBHWE12262</lei>
        <title>MGM Growth Properties LLC</title>
        <cusip>55303A105</cusip>
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          <isin value="US55303A1051"/>
          <ticker value="MGP"/>
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        <balance>6299.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174671.27000000</valUSD>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invitation Homes Inc</name>
        <lei>N/A</lei>
        <title>Invitation Homes Inc</title>
        <cusip>46187W107</cusip>
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          <isin value="US46187W1071"/>
          <ticker value="INVH"/>
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        <balance>4300.00000000</balance>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Prologis Inc</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis Inc</title>
        <cusip>74340W103</cusip>
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          <ticker value="PLD"/>
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        <balance>1822.00000000</balance>
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        <valUSD>166713.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASHTEAD CAPITAL INC</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital Inc</title>
        <cusip>045054AH6</cusip>
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          <other otherDesc="SEDOL" value="BZ0WKK0"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>555175.00000000</valUSD>
        <pctVal>0.825872571274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isDefault>N</isDefault>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brookfield Property Partners L</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP</title>
        <cusip>000000000</cusip>
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          <isin value="BMG162491077"/>
          <ticker value="BPY"/>
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      <invstOrSec>
        <name>CHARLES RIVER LABORATORI</name>
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        <name>JOSEPH T RYERSON &amp; SON I</name>
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        <name>AT&amp;T Inc</name>
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      <invstOrSec>
        <name>MURPHY OIL CORP</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
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        <name>NRG ENERGY INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>NRG Energy Inc</name>
              <title>NRG Energy Inc</title>
              <curCd>USD</curCd>
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                <isin value="US6293775085"/>
                <ticker value="NRG"/>
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      <invstOrSec>
        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings Inc</title>
        <cusip>737446AN4</cusip>
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        <balance>180000.00000000</balance>
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        <valUSD>188966.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>ENERGY TRANSFER OPERATNG</name>
        <lei>5493008K8W3OKZE54J59</lei>
        <title>Energy Transfer Operating LP</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>AMC NETWORKS INC</name>
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        <name>NOVA CHEMICALS CORP</name>
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        <title>NOVA Chemicals Corp</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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        <name>HCA INC</name>
        <lei>L3CJ6J7LJ2DX62FTXD46</lei>
        <title>HCA Inc</title>
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        <curCd>USD</curCd>
        <valUSD>185087.93000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>ROYAL BK SCOTLND GRP PLC</name>
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        <invCountry>GB</invCountry>
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          <maturityDt>N/A</maturityDt>
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        <name>Grainger PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>Grainger PLC</title>
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          <ticker value="GRI"/>
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        <invCountry>GB</invCountry>
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        <name>SENSATA TECH UK FIN CO</name>
        <lei>635400EUADS212PJER83</lei>
        <title>Sensata Technologies UK Financing Co PLC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <name>Annaly Capital Management Inc</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management Inc</title>
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        <name>DELTA AIR LINES INC</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines Inc</title>
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        <balance>165000.00000000</balance>
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        <valUSD>170711.61000000</valUSD>
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        <name>Brookdale Senior Living Inc</name>
        <lei>LH7MQB13NWY7CJ9VC445</lei>
        <title>Brookdale Senior Living Inc</title>
        <cusip>112463104</cusip>
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          <isin value="US1124631045"/>
          <ticker value="BKD"/>
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        <balance>343155.00000000</balance>
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        <name>BOISE CASCADE COMPANY</name>
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        <name>VTR FINANCE BV</name>
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        <name>Truist Financial Corp</name>
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        <name>Merck &amp; Co Inc</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>JBS USA LUX/JBS USA FIN</name>
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        <curCd>USD</curCd>
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        <invCountry>N/A</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>HOLOGIC INC</name>
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        <title>Hologic Inc</title>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>BOMBARDIER INC</name>
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        <invCountry>CA</invCountry>
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        <name>DuPont de Nemours Inc</name>
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              <title>Tricida Inc</title>
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        <name>HELIX ENERGY SOLUTIONS</name>
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        <name>IRON MOUNTAIN US HLDNGS</name>
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        <name>JBS USA LLC/JBS USA FINA</name>
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      <invstOrSec>
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        <lei>T8W3X1PFLPW2YE0UIP44</lei>
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          <maturityDt>2026-01-01</maturityDt>
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      <invstOrSec>
        <name>LAMAR MEDIA CORP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GCI LIBERTY INC</name>
        <lei>N/A</lei>
        <title>GCI Liberty Inc</title>
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          <isin value="US36164VAA52"/>
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              <name>Charter Communications Inc</name>
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          <delta>XXXX</delta>
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        <name>PDC ENERGY INC</name>
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        <curCd>USD</curCd>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>Archer-Daniels-Midland Co</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MURPHY OIL USA INC</name>
        <lei>N32S6DTR2ZZ5222WHV58</lei>
        <title>Murphy Oil USA Inc</title>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434114.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp</title>
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          <isin value="US88033GCE89"/>
          <other otherDesc="SEDOL" value="BGM16M6"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162319.88000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Walt Disney Co/The</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Co/The</title>
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          <isin value="US2546871060"/>
          <ticker value="DIS"/>
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        <invCountry>US</invCountry>
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        <name>LIBERTY MEDIA CORP</name>
        <lei>549300ZKUTPIBZLWLL89</lei>
        <title>Liberty Media Corp</title>
        <cusip>531229AE2</cusip>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2046-09-30</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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              <title>AT&amp;T Inc</title>
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        <name>Mondelez International Inc</name>
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        <invCountry>US</invCountry>
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        <name>Cigna Corp</name>
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        <title>Cigna Corp</title>
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        <name>LEVERAGE SEC DI</name>
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        <name>Sun Communities Inc</name>
        <lei>549300H5GEOJYN41ZG57</lei>
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        <name>FREEPORT-MCMORAN INC</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan Inc</title>
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        <invCountry>US</invCountry>
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        <name>AEROJET ROCKETDYNE HLDG</name>
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        <title>Aerojet Rocketdyne Holdings Inc</title>
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        <invCountry>US</invCountry>
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                <ticker value="AJRD"/>
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        <name>KAR AUCTION SERVICES INC</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>KAR Auction Services Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>FRONTIER COMMUNICATIONS</name>
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      <invstOrSec>
        <name>ZAYO GROUP HOLDINGS INC</name>
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        <name>Caterpillar Inc</name>
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      <invstOrSec>
        <name>Dollar Tree Inc</name>
        <lei>549300PMSTQITB1WHR43</lei>
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          <ticker value="DLTR"/>
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      <invstOrSec>
        <name>Bluerock Residential Growth RE</name>
        <lei>549300KWLV0TGICOUU26</lei>
        <title>Bluerock Residential Growth REIT Inc</title>
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          <isin value="US09627J1025"/>
          <ticker value="BRG"/>
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        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp</title>
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        <name>POST HOLDINGS INC</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>Post Holdings Inc</title>
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        <name>AES CORP/THE</name>
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        <title>AES Corp/The</title>
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        <name>SYNAPTICS INC</name>
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        <name>Equity Residential</name>
        <lei>5493008RACSH5EP3PI59</lei>
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        <name>STANDARD INDUSTRIES INC</name>
        <lei>54930064UHXCIUWVI755</lei>
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        <name>VERINT SYSTEMS INC</name>
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        <title>Verint Systems Inc</title>
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        <name>Lowe's Cos Inc</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos Inc</title>
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        <name>INTEGRA LIFESCIENCES HLD</name>
        <lei>WB7IJCYY8YFTENS4O147</lei>
        <title>Integra LifeSciences Holdings Corp</title>
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              <title>Integra LifeSciences Holdings Corp</title>
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                <ticker value="IART"/>
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        <name>ALTICE FRANCE SA</name>
        <lei>5493001ZMCICV4N02J21</lei>
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        <curCd>USD</curCd>
        <valUSD>444072.30000000</valUSD>
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      <invstOrSec>
        <name>AERCAP GLOBAL AVIATION T</name>
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        <name>Oracle Corp</name>
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        <name>LYONDELLBASELL ADVANCED</name>
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        <title>Lyondellbasell Advanced Polymers Inc</title>
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          <isin value="US67054E2028"/>
          <ticker value="SHLM"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>KOPPERS INC</name>
        <lei>LTO4ZL5EBDR1NE6FGJ36</lei>
        <title>Koppers Inc</title>
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          <isin value="US500605AH33"/>
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        <securityLending>
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      <invstOrSec>
        <name>Bank of New York Mellon Corp/T</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp/The</title>
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          <isin value="US0640581007"/>
          <ticker value="BK"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>2020 MANDATORY EXCHANGE</name>
        <lei>N/A</lei>
        <title>2020 Mandatory Exchangeable Trust</title>
        <cusip>901376202</cusip>
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          <isin value="US9013762029"/>
          <ticker value="MANDEX"/>
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        <curCd>USD</curCd>
        <valUSD>92038.00000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>AMG CAPITAL TRUST II</name>
        <lei>N/A</lei>
        <title>AMG Capital Trust II</title>
        <cusip>00170F209</cusip>
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          <isin value="US00170F2092"/>
          <ticker value="AMG"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <name>SS&amp;C TECHNOLOGIES INC</name>
        <lei>549300KY09TR3J12JU49</lei>
        <title>SS&amp;C Technologies Inc</title>
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          <isin value="US78466CAC01"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>LEVEL 3 FINANCING INC</name>
        <lei>N/A</lei>
        <title>Level 3 Financing Inc</title>
        <cusip>527298BQ5</cusip>
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          <isin value="US527298BQ51"/>
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        <balance>267000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273879.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FMG RESOURCES AUG 2006</name>
        <lei>549300EFD6S2NFE9D745</lei>
        <title>FMG Resources August 2006 Pty Ltd</title>
        <cusip>30251GAW7</cusip>
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          <isin value="US30251GAW78"/>
          <other otherDesc="SEDOL" value="BDFVF70"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186318.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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        <curCd>USD</curCd>
        <valUSD>237238.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>N/A</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>First Capital Real Estate Inve</name>
        <lei>549300U55W8QFK2YTK38</lei>
        <title>First Capital Real Estate Investment Trust</title>
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          <isin value="CA31890B1031"/>
          <ticker value="FCR-U"/>
          <other otherDesc="SEDOL" value="BKSLS55"/>
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        <assetCat>EC</assetCat>
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        <name>CHS/COMMUNITY HEALTH SYS</name>
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        <title>CHS/Community Health Systems Inc</title>
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        <name>GAIN CAPITAL HOLDINGS IN</name>
        <lei>5493003NZPPKMB17WX19</lei>
        <title>GAIN Capital Holdings Inc</title>
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              <title>GAIN Capital Holdings Inc</title>
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                <ticker value="GCAP"/>
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        <name>INTERDIGITAL INC</name>
        <lei>N/A</lei>
        <title>InterDigital Inc</title>
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              <title>InterDigital Inc</title>
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                <ticker value="IDCC"/>
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        <name>SIRIUS XM RADIO INC</name>
        <lei>WP5O65E6BMU84LNO4227</lei>
        <title>Sirius XM Radio Inc</title>
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        <name>National Storage Affiliates Tr</name>
        <lei>N/A</lei>
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          <ticker value="NSA"/>
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        <title>Intel Corp</title>
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        <name>Microsoft Corp</name>
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        <title>Microsoft Corp</title>
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      <invstOrSec>
        <name>MGM GROWTH/MGM FINANCE</name>
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        <name>CCO HLDGS LLC/CAP CORP</name>
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        <name>ENEL SPA</name>
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        <name>JBS USA/FOOD/FINANCE</name>
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        <name>ConocoPhillips</name>
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        <name>Postal Realty Trust Inc</name>
        <lei>5493007B7ZZSIJRGWC41</lei>
        <title>Postal Realty Trust Inc</title>
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        <name>Cisco Systems Inc</name>
        <lei>8E6NF1YAL0WT6CWXXV93</lei>
        <title>Cisco Systems Inc</title>
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        <name>POLYONE CORP</name>
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        <name>AES CORP/THE</name>
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            <dbtSecRefInstrument>
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      <invstOrSec>
        <name>PRIME SECSRVC BRW/FINANC</name>
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        <name>SIRIUS XM RADIO INC</name>
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        <title>Sirius XM Radio Inc</title>
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      <invstOrSec>
        <name>HILCORP ENERGY I/HILCORP</name>
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          <isin value="US431318AN49"/>
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        <balance>97000.00000000</balance>
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          <maturityDt>2024-12-01</maturityDt>
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      <invstOrSec>
        <name>Cardinal Health Inc</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health Inc</title>
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          <isin value="US14149Y1082"/>
          <ticker value="CAH"/>
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        <curCd>USD</curCd>
        <valUSD>1520382.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PULTEGROUP INC</name>
        <lei>N/A</lei>
        <title>PulteGroup Inc</title>
        <cusip>745867AX9</cusip>
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          <isin value="US745867AX94"/>
          <other otherDesc="SEDOL" value="BYN9BW0"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106290.50000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>HCA INC</name>
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        <title>HCA Inc</title>
        <cusip>404119BR9</cusip>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>RP CROWN PARENT LLC</name>
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        <title>RP Crown Parent LLC</title>
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          <isin value="US47215YAA55"/>
          <other otherDesc="SEDOL" value="BDG16Y3"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19922.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BOINGO WIRELESS</name>
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        <title>Boingo Wireless Inc</title>
        <cusip>09739CAB8</cusip>
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              <title>Boingo Wireless Inc</title>
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        <name>BlackRock Liquidity FedFund</name>
        <lei>549300T8K043VZEOVK74</lei>
        <title>BlackRock Liquidity FedFund</title>
        <cusip>09248U700</cusip>
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          <isin value="US09248U7000"/>
          <ticker value="TFDXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
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        <name>Northrop Grumman Corp</name>
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        <name>CHART INDUSTRIES INC</name>
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        <title>Chart Industries Inc</title>
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              <title>Chart Industries Inc</title>
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        <name>HILL-ROM HOLDINGS INC</name>
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        <name>Alpine Income Property Trust I</name>
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          <ticker value="PINE"/>
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        <invCountry>US</invCountry>
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        <name>LENNAR CORP</name>
        <lei>529900G61XVRLX5TJX09</lei>
        <title>Lennar Corp</title>
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        <balance>195000.00000000</balance>
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        <valUSD>205803.98000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>WASHINGTON PRIME GROUP</name>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
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      <invstOrSec>
        <name>CCO HLDGS LLC/CAP CORP</name>
        <lei>N/A</lei>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>CREDIT SUISSE GROUP AG</name>
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        <title>Credit Suisse Group AG</title>
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          <maturityDt>N/A</maturityDt>
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        <name>NUSTAR LOGISTICS LP</name>
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        <name>Pfizer Inc</name>
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        <title>Pfizer Inc</title>
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        <name>Broadcom Inc</name>
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        <title>Broadcom Inc</title>
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          <ticker value="AVGO"/>
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        <name>Goldman Sachs Financial Square Government Fund</name>
        <lei>N/A</lei>
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          <ticker value="FGTXX"/>
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        <name>SPRINT CORP</name>
        <lei>549300ZTTY7CXOLJ6539</lei>
        <title>Sprint Corp</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-09-15</maturityDt>
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        <name>CENTENE CORP</name>
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        <title>Centene Corp</title>
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        <title>Emera Inc</title>
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        <invCountry>CA</invCountry>
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        <name>DAE FUNDING LLC</name>
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        <invCountry>US</invCountry>

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        <name>American International Group I</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group Inc</title>
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        <title>Post Holdings Inc</title>
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        <name>ENCOMPASS HEALTH CORP</name>
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        <title>Encompass Health Corp</title>
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        <name>TRANSOCEAN PROTEUS LTD</name>
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        <title>Transocean Proteus Ltd</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <name>CHENIERE CORP CHRISTI HD</name>
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        <title>Cheniere Corpus Christi Holdings LLC</title>
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        <invCountry>US</invCountry>
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        <name>BLACKSTONE MORTGAGE TR</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>Blackstone Mortgage Trust Inc</title>
        <cusip>09257WAC4</cusip>
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        <balance>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122526.25000000</valUSD>
        <pctVal>0.182268778558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>Y</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Blackstone Mortgage Trust Inc</name>
              <title>Blackstone Mortgage Trust Inc</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="09257W100"/>
                <isin value="US09257W1009"/>
                <ticker value="BXMT"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="27.60520000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWESTERN ENERGY CO</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co</title>
        <cusip>845467AN9</cusip>
        <identifiers>
          <isin value="US845467AN98"/>
          <other otherDesc="SEDOL" value="BZ0WZ83"/>
        </identifiers>
        <balance>220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205844.10000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTENE CORP</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Corp</title>
        <cusip>15135BAV3</cusip>
        <identifiers>
          <isin value="US15135BAV36"/>
        </identifiers>
        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>247098.43000000</valUSD>
        <pctVal>0.367581061362</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAY TELEVISION INC</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Television Inc</title>
        <cusip>389284AA8</cusip>
        <identifiers>
          <isin value="US389284AA85"/>
          <other otherDesc="SEDOL" value="BGS1HG1"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58221.08000000</valUSD>
        <pctVal>0.086609074691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUB INTERNATIONAL LTD</name>
        <lei>549300JQT6ATTUNS5E06</lei>
        <title>HUB International Ltd</title>
        <cusip>44332PAD3</cusip>
        <identifiers>
          <isin value="US44332PAD33"/>
          <other otherDesc="SEDOL" value="BFXTLW7"/>
        </identifiers>
        <balance>315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>324520.88000000</valUSD>
        <pctVal>0.482753894894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Delaware Investments Dividend &amp; Income Fund, Inc</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatans</ncom:signature>
      <ncom:signerName>Dan Geatans</ncom:signerName>
      <ncom:title>Head of US and EMEA Fund Administration</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
